India poised to become next global SaaS capital, says EY-CII study

According to a study by EY and CII titled "India: The next global SaaS capital", India is poised to become the next SaaS capital over the next few years

Saas industry
Premium

The report also stated that according to industry estimates, the market is expected to reach $20-25 billion by 2025 from $4-7 billion in 2020.

Aryaman Gupta New Delhi
The Indian software-as-a-services (SaaS) market is expected to grow multi-fold by 2025, accounting for almost 7 to 10 per cent of the global market from 2 to 4 per cent currently, said a report. 

According to a study by EY and CII titled “India: The next global SaaS capital”, India is poised to become the next SaaS capital over the next few years, mainly driven by small and medium businesses with a focus on large enterprises.

The report also stated that according to industry estimates, the market is expected to reach $20-25 billion by 2025 from $4-7 billion in 2020.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 26 2022 | 12:51 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com